Zomato in talks with Alibaba for funds, UberEats allocates $200 million for India

MUMBAI: Online food delivery startups are again seeing hyper funding and cut-throat competition, mirroring what had happened in the go-go years of 2014-15. While Uber is expected to invest $200 million into its food delivery business, UberEats, here in India, both Zomato and Swiggy are in talks to shore up $200 million each from risk investors.

Sources close to the discussions said Zomato is talking to Alibaba while Swiggy is close to wrapping up a new $200-million financing round with participation from Yuri Milner’s DST Global, Coatue Management, and Meituan-Dianping — the Chinese food review and delivery giant. Three of these players also have Foodpanda to fight with, which was recently bought out by Ola. The homegrown ride-hailing company said it was earmarking $200 million to grow Foodpanda.

 

Industry watchers said with fresh capital coming in, it will lead to increased discounts and promotions to lure consumers. “Between the four companies, there’s almost $800 million to $1 billion of funds likely to be allocated to this sector. The cash burn is going to go up at a fast clip as each of them wants to outbid the other. Swiggy, Zomato and UberEats are slugging it out while Foodpanda under Ola has a far bigger war chest,” said a person familiar with the situation.

 

Uber, which is committing $200 million to grow its food delivery vertical, said it will expand into tier-2 cities in India. The food aggregator app, which was launched in May last year, is currently present in Mumbai, Delhi, Pune, Chandigarh and six other markets. In an earlier interview with TOI, Bhavik Rathod, head of UberEats India, said, “India remains one of the most important markets for UberEats globally and is the fastest growing market in the Asia-Pacific region.

 

 

After its affiliate Ant Financial invested in restaurant discovery and delivery app Zomato earlier this year, Alibaba is now directly looking to back the Gurgaon company in a $200-million financing round, three people familiar with the matter said. TOI has learnt the financing round will peg Zomato’s valuation at $1.5 billion.

The move to double down on Zomato comes right after the Alibaba group bought out China’s food delivery service Ele.me. Sources said, while Zomato’s financing round is in an early stage, Swiggy’s $200-million fundraise has closed, valuing it at $1 billion after the investment

 

UberEats, Zomato and Swiggy did not respond to TOI’s queries.

Sources said Swiggy, the largest online food delivery app, is clocking about 10 million orders monthly while Zomato registered approximately 7.5 million per month. Latest numbers for Foodpanda were 40,000 monthly orders, while UberEats was at 20,000-25,000, people who track the sector said.

While the euphoria among investors has returned seeing the high growth of these companies, the burn rate on the back of spiralling customer acquisition costs hasn’t come down for anyone in the sector. “Swiggy and Zomato have been scaling very quickly as they are witnessing higher frequency and return customers. What will be critical is how these players are able to use their fleet to deliver more than just food,” said an investor in an online food ordering platform on the condition of anonymity.

 

Source : http://www.comeneat.com/blog/zomato-in-talks-with-alibaba-for-funds-ubereats-allocates-200-million-for-india/

Just Eat’s global chief marketing officer has left the company after three years at the helm.

Just Eat’s global chief marketing officer has left the company after three years at the helm.
Barnaby Dawe most notably led Just Eat’s rebrand in a bid to bolster its global reach and its connection with consumers. In the background the company has been experimenting with new tech like augmented reality, voice, chatbots and prime-time sponsorships like The X Factor.

A Just Eat spokesperson confirmed the move: “We can confirm that Barnaby Dawe has decided to step down from his role as Just Eat’s global chief marketing officer after three years at the helm of the company’s marketing department.

“Barnaby has transformed the Just Eat brand and our approach to marketing, enabling us to become the category-leading company we are today.”

Dawe has experience at UK brands, having previously worked with the likes of Harper CoIlins, News UK and Turner. It comes ten months after Peter Plumb joined the company as chief executive from MoneySavingExpert.com.

Source : http://www.comeneat.com/blog/just-eats-global-chief-marketing-officer-left-company-three-years-helm/

Comeneat - Online Food Ordering Solution and Food Ordering Script

Comeneat is an online platform for takeaway and food delivery. In Comeneat platform Just eat clone is available with customer app, driver app, restaurant app. It is a user- friendly software and suitable way for the users to order the favorite food from the most excellent restaurants.

Is it genuine that you are hunting down restaurant platforms like Just eat clone? By then Comeneat will be the right choice since it gives every one of you the possible results that a script and Just eat clone would give you! Likewise, the uncommon truth is that you have a flexible form and an iPhone and android application!

Online food ordering meander has been acclaimed as an acknowledged move fitting from the start. With a more essential number of masses considering it to be an appreciated move, Online food order take away and delivery platform, Comeneat has turned up with a colossal online food ordering content planned by a set of expert creators. Make use of this delightful Just eat Clone script made to perfection with rich features.

Just eat clone is an online food order and delivery service. It goes about as a mediator between free take-out food outlets and clients. The platform enables clients to scan for nearby assume out eateries to position orders on the web, and to look over get or delivery alternatives.

Restaurant online food ordering systems are getting noticeable quality, achieving clients is the matter of the day, and with our straightforward access script Just eat clone you will be en route.

An Order getting application is given to the Restaurant proprietors. This order accepting application transforms out a Smartphone or Tablet into a order getting gadget and controls your order taking and food delivery process in a basic way.

As the online platform fabricates a more grounded online nearness for any Restaurant, Comeneat gives a less demanding interface to the clients to recognize the Restaurant web based, bringing about more deals.

just Eat Clone Script Solution - Comeneat

Comeneat is an online platform for takeaway and food delivery. In Comeneat platform Just eat clone is available with customer app, driver app, restaurant app. It is a user- friendly software and suitable way for the users to order the favorite food from the most excellent restaurants.

Is it genuine that you are hunting down restaurant platforms like Just eat clone? By then Comeneat will be the right choice since it gives every one of you the possible results that a script and Just eat clone would give you! Likewise, the uncommon truth is that you have a flexible form and an iPhone and android application!

Online food ordering meander has been acclaimed as an acknowledged move fitting from the start. With a more essential number of masses considering it to be an appreciated move, Online food order take away and delivery platform, Comeneat has turned up with a colossal online food ordering content planned by a set of expert creators. Make use of this delightful Just eat Clone script made to perfection with rich features.

Just eat clone is an online food order and delivery service. It goes about as a mediator between free take-out food outlets and clients. The platform enables clients to scan for nearby assume out eateries to position orders on the web, and to look over get or delivery alternatives.

Restaurant online food ordering systems are getting noticeable quality, achieving clients is the matter of the day, and with our straightforward access script Just eat clone you will be en route.
Welcome to the future by making just two or three ticks. Save profitable time, get to all the critical things on a single page and your order.

Formulate the greater part of this Just eat clone content, with important highlights accommodating for online food servicing.
Online food ordering platforms ascend step by step. They are thought to be a contrasting option to getting in your auto and driving or examining various web journals or audits. So having a sufficient, easy to use food ordering platform like Just eat clone will empower the budding entrepreneur to set off on their own online food ordering business venture.

Our online food ordering script Just eat clone is feature rich and enables you to hold all the more trump cards inside an aggressive and testing on the online food ordering business.

After Coatue Management, Swiggy Now In Talks To Raise Funding From DST Global

Just over two months after securing $100 Mn in a Series F funding round led by Naspers at a valuation of $700 Mn, homegrown online food delivery startup Swiggy is reportedly in talks with Hong Kong-based VC firm, DST Global, for a proposed investment.

Founded in 2009 by Yuri Milner, DST Global has backed some of the world’s leading Internet companies, including Facebook, Twitter, Alibaba, AirBnB and Spotify.

If the talks between Swiggy and DST Global materialise, the former’s valuation is expected to cross $1 Bn, which will in turn put it in the coveted unicorn club along with rival Zomato and others. Incidentally, Swiggy’s biggest competitor Zomato also raked in $200 Mn in funding from Alibaba’s Ant Small and Micro Financial Services Group in February 2018.

As per sources close to the development, the proposed funding round from DST Global will see the infusion of over $200 Mn in the Benglauru-based foodtech company. Speaking on the matter, a source requesting anonymity told ET, “Swiggy has received interest from four to five investors and this will be its largest round of funding.”

This comes less than a month after reports surfaced that New York-headquartered technology hedge fund Coatue Management was holding discussions with a couple of other investors to pump $50 Mn-$100 Mn in Swiggy.

An email query sent to Swiggy’s communication team did not elicit a response till the time of publication.

Swiggy And Its Increasing Investor Attention

Founded in August 2014 by Sriharsha Majety, Nandan Reddy, and Rahul Jaimini, the platform is currently functional in over eleven, including Delhi, NCR, Mumbai, Pune, Hyderabad, Kolkata, Bengaluru, Chennai, Ahmedabad, Jaipur, and Chandigarh. It boasts about 6 Mn monthly orders, compared to Zomato’s 5.5 Mn orders in the month of March.

Headquartered in Bengaluru, the foodtech startup has raised a total of $255 Mn+ in funding till date. By contrast, Zomatohas secured around $444 Mn in funding so far.

Swiggy’s last fundraise, in February, saw the participation of a new investor Meituan-Dianping, which is one of China’s largest service ecommerce platform. Of the total $100 Mn investment, Meituan-Dianping reportedly contributed $40 Mn, while the rest came from Naspers.

Prior to the $100 Mn Series F funding, the food delivery company raised $80 Mn in a round led by Naspers at an estimated valuation of $400 Mn in May 2017. Earlier in September 2016, Swiggy picked up $15 Mn (INR 100 Cr) Series D funding led by US-based venture capital firm Bessemer Venture Partners and other existing investors.

Over the last one year, Swiggy has attracted a ton of investor interest from biggies like SoftBank, Alibaba, Naspers, Flipkart and Tencent. Reports of Flipkart initiating acquisition talks with Swiggy first surfaced in October 2017, when it was said that the homegrown ecommerce player was gearing up to diversify its business through acquisitions and investment.

Later in November, The Ken reported that Flipkart was preparing for a possible infusion of $50 Mn in Swiggy. Tencent, whose portfolio includes firms like Practo, Ola, Flipkart and Hike, might also follow the investment round with Flipkart in the Bengaluru-based foodtech startup, the report further stated.

Around the same time, it was said that Japanese conglomerate SoftBank is was gearing up for a $200 Mn-$250 Mninvestment in the foodtech startup.

How Swiggy Is Preparing To Overtake Rival Zomato

With the aim of strengthening its market leadership position and solving existing supply gaps in the marketplace, Swiggy has been introducing a host of unique and advanced products and services in recent times.

From cloud kitchen to introducing new supply chain, Swiggy has been aggressively working to promote its market share in this segment. Over the last several months, Swiggy has launched a slew of new initiatives including Swiggy Access, long-distance deliveries and Capital Assist to help restaurants serve consumers in new and more powerful ways.

The company also strengthened its senior leadership with several additions to the team including those from the recent acqui-hire of gourmet food startup 48East. It also underwent a revamp, making it more intuitive and personalised to each consumer.

In its endeavour to bolster its online food delivery service against rival Zomato, the company unveiled a new service, Swiggy Scheduled, in February 2018. Swiggy Scheduled will enable users to plan and order their meals for lunch, dinner, breakfast, or party menus in advance.

Earlier this month, it partnered with ICICI Bank to roll out two convenient and hassle-free digital payments solutions for its delivery partners. Under this partnership, Swiggy’s delivery partners can use a Unified Payment Interface (UPI)-based solution for instant fund transfers on-the-go or choose to deposit cash at automated Cash Deposit Machine (CDM) available at  ICICI Bank branches and ATM locations.

In another similar move, the online food delivery giant joined hands with Flipkart-owned PhonePe recently, as part of which the technology and product teams at Swiggy and PhonePe have collaborated to build a one-tap checkout flow for the former’s users.

As a result of its continued focus on strengthening its product portfolio, Swiggy posted a record increase of 500% in revenues in FY17 and saw order volumes nearly double since its previous funding in May 2017. As of now, Swiggy claims its average delivery time as an industry benchmark of under 35 minutes.

According to a study by Netscribes Research, the online food delivery segment in India is expected to expand by 34%-36% between 2015 and 2020. The rising opportunity in the online food ordering space is also calling in unicorns like Flipkart, Paytm and Amazon India to test waters.

Amidst increasing competition as a result of the entry of global players like UberEATS and Google Areo, if Swiggy manages to raise funding from DST Global and others, it will not only catapult the company’s valuation to over $1 Bn but will help it to further strengthen its market position.

Source :http://www.comeneat.com/blog/coatue-management-swiggy-now-talks-raise-funding-dst-global/

Postmates Clone - Online Food Ordering and Delivery Solution Script

Just eat clone script it helps the entrepreneur to start the business like Foodpanda clone, Postmates clone. Comeneat a just eat clone provides you the best script which will satisfy the customer side and restaurant side. Here we offer the websites at low-cost because of the fast growing food industry. In comeneat it provides website, android and ios app for restaurant, customer side. Here the user can order their food at the app or websites and the notification will be sent to the user as well as the restaurant admin at the millisecond.

In the machine world Peoples are not even carrying their wallet on the time of purchasing. Foodora clone offering the online payment to the easier and safest transaction. In this technology world hacking the system is easier thinking. In comeneat the system and the transaction details are fully protected and it cannot be brake by ransomware or any virus that are going to attack. Offer management provided to the restaurant side to attract their customers. Just eat is the best entrepreneur in the online food ordering side based on that, comeneat will offer best online food ordering solution to the restaurateurs.

Features of Comeneat
Search by Area (postal code)
The addresses of the restaurants are identified by the customers using this option and also the necessary criteria can be filtered by the customers using this option. This option is very user friendly for the customers.
Offer Management
Offers are provided on the basis of cost and validity. Henceforth a large number of customers are attracted towards the restaurant. A good online traffic is provided to the owners of the restaurant.
Delivery postcodes with Min order & Delivery charge
Delivery payments can be allocated according to delivery postcodes by the restaurant owners and payments can be restricted to particular areas based on delivery postcodes. This is applicable only for restaurant and site owners.
Book a table
Table reservation can be made by the customers in ahead by mentioning exact date and time which saves time during hustle hours or weekends when they dine in the restaurant. Table reservation can be done by just visiting the website or App.
Google Map Integration
The literal location of the customer’s home can be found easily and hence delivery boy can save time. Customers are easily handled by the restaurant. Using this facility, Restaurants are able to find the exact address of the restaurants.
Twilio integration for SMS
Apps built with ease using Twilio SMS can be used to create alerts, notifications, appointment reminders and more. Build an SMS app in minutes and Twilio SMS makes it easy to leverage text messaging applications for customer outreach and mobile marketing.
GPRS
It is suitable for the restaurant to receive orders directly from the website. We can integrate the restaurant’s own model of GPRS. This integration allows a two-way confirmation, this means that the restaurant receives the order and the printer starts beeping announcing the order, then the restaurant can confirm or reject directly by pressing a button.
SMS
SMS will help the restaurant owners regarding the order confirmation process. Once the order is received by restaurant owners, instantaneously the confirmation message or SMS will send to customer mobile methodically. Thus the ordering process becomes very simple using this SMS.

Postmates Clone Script Solution - Comeneat

Comeneat is an online food Order Takeaway & Food Delivery platform (Food Ora clone, Postmates clone, Deliveroo clone, Just eat Clone) launched by Roamsoft Technologies Private Limited with a drive to connect the customers to the Restaurant. The process of taking online food orders and delivery is simplified by utilizing this platform.

Comeneat is an online food ordering platform with driver app, customer app and restaurant app. It provides unique additional features like reward points, dispatch system, wallet payment, Facebook ordering etc to enhance your restaurant business.

Online Food ordering and conveyance business are the standout amongst the most developing on- demand business model. Comeneat is here to convey you with the exact solution of Postmates clone for your eatery business prerequisites. Our food ordering and delivery system is like Postmates clone work in a way where the administrator is attached to numerous restaurants inside the nearby urban communities. Our adaptable programming which empowers you to begin your delivery business and furthermore its backings both web and portable platform. Various on-Demand Delivery Services is simple and secure with Comeneat.

After getting the requests from the client through our food ordering platform to administrator board and eatery board, the restaurant begins planning for the requested order. Once the order gets ready, at that point the eatery appoints the delivery errand to the delivery staff through the application. At long last, the delivery staff conveys the food request to clients place.

Would you like to have your own on- demand food Delivery business? You are at idealize put. Comeneat is here to convey you with the correct answer for your prerequisites. Postmates clone is changing the way items move around urban regions by engaging anyone to have anything passed on-request. We connect with gatherings to shop close-by with no pausing, and empower associations through our API to offer delivery.